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2016-10-18 11:45:03

LULU

lululemon

$54.88

-1.74 (-3.07%)

11:45

10/18/16

10/18

11:45

10/18/16

11:45

lululemon call volume above normal and directionally bullish

Bullish option flow detected in lululemon with 8,110 calls trading, 1.9x expected, and implied vol increasing almost 2 points to 32.68%. Dec-16 57.5 calls and Nov-16 57.5 calls are the most active options, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 0.26.

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. GoPro (GPRO) initiated with a Buy at BofA/Merrill. 2. JetBlue (JBLU) initiated with an Outperform at Imperial Capital. 3. PepsiCo (PEP), Dr Pepper Snapple (DPS), and Monster Beverage (MNST) were initiated with an Outperform at Credit Suisse, while the firm initiated Boston Beer (SAM) with an Underperform. Credit Suisse also initiated Coca-Cola (KO) and Constellation Brands (STZ) with a Neutral. 4. lululemon (LULU) initiated with a Positive at Susquehanna. 5. Target (TGT) coverage assumed with a Neutral at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

10/17/16

BARD

10/17/16NO CHANGETarget $79BARDOutperform

lululemon high markdown activity signals caution, says Baird

Baird analyst Mark Altschwager said near-term concerns about lululemon, such as high markdown activity, are intensifying. The analyst believes the inventory level is high and choppy industry traffic and markdown activity is likely to keep valuation under pressure. Altschwager reiterated his Outperform rating and lowered his price target to $79 from $84 on lululemon shares.

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